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What's in Store for Plains Group Holdings (PAGP) Q3 Earnings?

Zacks Equity Research

Plains Group Holdings, L.P. PAGP is slated to report third-quarter 2019 financial results on Nov 5, after market close. Notably, the partnership delivered an average positive earnings surprise of 88.25% in the last four quarters.

Factors to Consider

Permian takeaway as well as a number of projects in Rockies and Mid-continent indicates the Plains Group Holdings’ capital efficiency. Improved volumes in Permian Basin, Eagle Ford, Central and Canada region systems as well as buy or sell arrangements with future committed volumes are likely to have contributed to the Supply and Logistics segment’s third-quarter performance.

Q3 Expectations

The Zacks Consensus Estimate for third-quarter 2019 sales is pegged at $8.26 billion, which indicates a decline of 6.10% from the year-ago quarter’s figure. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at 35 cents, which calls for year-over-year decline of 50%.

Plains Group Holdings, L.P. Price and EPS Surprise

 

Plains Group Holdings, L.P. Price and EPS Surprise

Plains Group Holdings, L.P. price-eps-surprise | Plains Group Holdings, L.P. Quote

 

What Our Quantitative Model Predicts

Our proven model does not conclusively predict an earnings beat for Plains Group Holdings this time around. The combination of a positive Earnings ESP  and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.

Earnings ESP: The partnership’s Earnings ESP is -10.48%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Plains Group Holdings has a Zacks Rank #4. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks With Favorable Combination

Investors can consider some companies from the same sector that have the right combination of elements to post an earnings beat in the quarter to be reported.

Noble Energy Inc NBL is slated to release third-quarter 2019 results on Nov 7. It has an Earnings ESP of +0.78% and a Zacks Rank #3.

Plains All American Pipeline, L.P. PAA is scheduled to announce third-quarter 2019 results on Nov 5. It has an Earnings ESP of +0.43% and a Zacks Rank #3.
 
Evergy Inc. EVRG is set to release third-quarter 2019 results on Nov 6. It has an Earnings ESP of +0.28% and a Zacks Rank #3.

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Plains All American Pipeline, L.P. (PAA) : Free Stock Analysis Report
 
Plains Group Holdings, L.P. (PAGP) : Free Stock Analysis Report
 
Noble Energy Inc. (NBL) : Free Stock Analysis Report
 
Evergy Inc. (EVRG) : Free Stock Analysis Report
 
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